Corporate rules dictate that a proportion sale requires the approval of both the SEC and PSE.
Gweilo shares are anticipated to listing at the PSE’s Small, Medium and Emerging Board.
The organization intends to use the net proceeds of P114.Ninety two million from the IPO for developing organization-owned shops that encompass Mario’s Kitchen and Stackers. Part of the IPO proceeds can also be used to finance a franchise display for Mario’s Kitchen, put into effect a catering provider, adopt a unified IT device, in addition to studies and development, and general running capital.
Gweilo cited in the submitting that it plans to construct 15 enterprise-owned Mario’s Kitchen shops in Luzon within the 5 years to 2020, at the same time as starting franchising business.
Finance bank blog 